Narrow Range Candles
by PRASHANT SHAH -
A candle’s range is the difference between its high and low price. A higher range indicates a strong trend or increased volatility during the session. Low range shows a lackluster price trend and a lack of momentum. Generally, this does not relate to candlestick patterns, but rather the range of candles is analyzed by participants ... Read more
Wide Range Candles
by PRASHANT SHAH -
W4 W4 stands for Wide Range 4. A W4 pattern is qualified if the candle’s range is the highest in the last 4 sessions. The difference between the high and low of the current session is the highest in the last four sessions. It shows that the trend is strong and momentum is in favor. ... Read more
Back-testing of candlestick patterns
by PRASHANT SHAH -
We have discussed various candlestick patterns. Many such patterns exist, and new patterns are continually being developed. People use it in different ways. There are many traders who perform subjective analysis, who observe patterns and make decisions based on their observations. Some traders use it in conjunction with other tools and indicators. Some traders create ... Read more
Upside Gap Two Crows
by PRASHANT SHAH -
Upside Gap Two Crows Category: Reversal Type: Weak Upside Gap 2 crows is a bearish Japanese candlestick reversal pattern explained in the book of Steve Nisson. There is a strong bullish candlestick pattern in the uptrend followed by a gap-up opening. The trend is up and price pattern is bullish. The bulls could not continue ... Read more
The Rising Three
by PRASHANT SHAH -
The Rising Three Category: Continuation Type: Strong The Rising Three is a multi-candle strong bullish continuation pattern. Imagine a strong bullish candle that appears in the uptrend. The body of the next candle remains within the range of the previous bullish candle. Body of the second candle remains between the high and low price of ... Read more
The Falling Three
by PRASHANT SHAH -
The Falling Three Category: Continuation Type: Strong The Falling Three is a multi-candle strong bearish continuation pattern. Imagine a strong bearish candle that appears in the downtrend. The body of the next candle remains within the range of the previous bearish candle. It is not necessarily a Harami pattern, the body should be within the ... Read more
